Earlier this week, Svenska Dagbladet (SvD) reported that SÄPO has expressed concerns over Chinese investment in Sweden, warning that sensitive technologies could be transferred and political pressure could be brought to bear.
There is no doubt that Chinese investment is sparking unease among some, as highlighted in Sweden recently when it emerged that China had plans to invest in a deep water port in Lysekil. Enterprise Minister Mikael Damberg now tells SvD that it would be “dangerous” if Sweden were to take a protectionist stance and make life harder for Chinese investors.
Geely’s acquisition of Volvo Cars has underlined the benefits of closer cooperation with China. However, “we must not be naïve” in terms of Chinese investment, says the minister, who is currently lobbying for common EU-China rules. “We need to be clear about the choices we wish to make and Europe is pushing for the rules of the game to be more equal,” he says.
Geely’s senior management is coming to Sweden. The news that the Chinese car giant had bought a major stake in truck maker AB Volvo came as a shock over the festive period. Chair Li Shufu now plans to appear in Stockholm or Gothenburg before 31 January, when AB Volvo presents its annual accounts.
SvD reports that the Chinese delegation will meet Fredrik Lundberg, chair of Industrivärden, as well as AB Volvo chair Carl-Henric Svanberg and CEO Martin Lundstedt. A meeting with Prime Minister Stefan Löfven and Enterprise Minister Mikael Damberg has also been discussed.
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